Search found 3 matches

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Thu Mar 28, 2019 12:18 pm
Forum: Home Loan Forum
Topic: How much will I be able to borrow with an acreage loan?
Replies: 5
Views: 11643

Re: How much will I be able to borrow with an acreage loan?

I’ve been going through your website and it looks like I’ll need to pay the LMI. How much LMI will I be in the hole for?
by
Wed Mar 27, 2019 7:52 pm
Forum: Home Loan Forum
Topic: How much will I be able to borrow with an acreage loan?
Replies: 5
Views: 11643

Re: How much will I be able to borrow with an acreage loan?

We’ll have some livestock and plan to grow vegetables solely for our own consumption. How do I make sure that my property is considered a lifestyle block instead of a commercial property?
by
Wed Mar 27, 2019 5:14 pm
Forum: Home Loan Forum
Topic: How much will I be able to borrow with an acreage loan?
Replies: 5
Views: 11643

How much will I be able to borrow with an acreage loan?

Hi, I’m looking to purchase an 11.83-hectare site in the rapidly expanding outskirts of south-western Sydney. This will be more of a lifestyle block than anything else. The listed price is $400,000, so I’m trying to figure out how much I’ll be able to borrow or if I’ll have to look for a more modest acreage. What do banks look for in a residential acreage/lifestyle block?